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TSX Hits Record High as Iran Deal Lifts Markets — Daily Update, June 16, 2026

Oil tumbles on Strait of Hormuz reopening framework. All eyes on the Federal Reserve as Kevin Warsh chairs his first policy meeting. Here is everything moving Canadian wallets today. Tuesday, June 16, 2026  |  MoneySavings.ca 🇨🇦 TSX — Another Record on the Books The S&P/TSX Composite closed at a fresh all-time high on Monday, June 15, topping 35,398 intraday before finishing near the upper end of its range. The index is now up more than 11% year-to-date , the second-best performance among major global indexes tracked through mid-June — behind only Japan's Nikkei (+31%). Monday's rally was broad-based, fuelled by a surge in risk appetite following the announcement of a U.S.–Iran peace framework over the weekend. Energy, financials, and materials all participated, though energy stocks gained somewhat less than the others as crude oil prices simultaneously fell sharply on the Strait of Hormuz reopening news — a rare case where the same headline pushed the index up and one ...
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Fragile Truce Tested as Israel Reinstates Ceasefire After Deadly Gaza Strikes


Israel has announced the reinstatement of its ceasefire in Gaza following a wave of overnight airstrikes that killed at least 104 Palestinians, including 46 children and 20 women, according to local health officials The strikes, which Israeli Prime Minister Benjamin Netanyahu described as “powerful,” were ordered in response to what Israel deemed a violation of the ceasefire agreement by Hamas

The escalation marks the deadliest breach since the U.S.-brokered truce was enacted on October 10, 2025. Israeli officials accused Hamas of failing to return the remains of hostages and of attacking Israeli soldiers, with one soldier reportedly killed in southern Gaza Defense Minister Israel Katz warned that Hamas had crossed a “bright red line” and would “pay many times over” for its actions

Despite the strikes, Israeli military officials stated on Wednesday that they would continue to uphold the ceasefire and respond firmly to any further violations Hamas, meanwhile, denied involvement in the attack on Israeli troops and condemned the airstrikes as a breach of the agreement

The renewed violence has sparked international concern, with calls for the immediate opening of humanitarian corridors to aid rescue efforts and deliver essential supplies to GazaU.S. President Donald Trump insisted the ceasefire was “not at risk,” urging both sides to maintain restraint

As funerals take place across Gaza, the fragile truce faces its most serious test yet, with both sides trading blame and the civilian toll continuing to rise.

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